A total of 45,79,200 shares amounting to ₹42.59 crore will be issued in the MARC Technocrats IPO that opens on December 17, 2025. The bidding ends on December 19, 2025. The face value is ₹10 per share. The tentative date of allotment is Dec 22, 2025. The listing is scheduled on December 24, 2025, on the NSE SME platform.
The lot size is 1,200 shares, and the price is set in the range of ₹88 to ₹93. A minimum bid of 2 lots means the retail investors will have to invest ₹2,23,200. For sNII, the lot size is 3, making their minimum investment ₹3,34,800. The bNII category will have to invest ₹10,04,400 for 9 lots.
MARC Technocrats IPO Details
The crucial details of this IPO are as follows:
| Particulars | Details |
| Bidding Opens | December 17, 2025 |
| Bidding Closes | December 19, 2025 |
| Face value | ₹10 per share |
| Price Band | ₹88 to ₹93 |
| Issue price | – |
| IPO Lot Size | 1,200 Shares |
| Offer for sale | 9,09,600 shares (up to ₹8.46 Crore) |
| Fresh issue | 34,30,800 shares (up to ₹31.91 Crore) |
| Market Maker Reservation | 2,38,800 shares (up to ₹2.22 Crore) |
| Issue Type | Bookbuilding Issue |
| Total Issue Size | 45,79,200 shares (up to ₹42.59 Crore) |
| Listing at | NSE SME |
| Minimum Investment | ₹2,23,200 |
MARC Technocrats IPO Timeline
This IPO will run as per the schedule given below:
| Particulars | Details |
| Bidding opens | December 17, 2025 |
| Bidding closes on | December 19, 2025 |
| Scheduled Allotment Date | December 22, 2025 |
| Refund Initiation | December 23, 2025 |
| Demat Credit of Shares | December 23, 2025 |
| Tentative Listing | December 24, 2025 |
| UPI mandate cut-off time | 5 PM on December 19, 2025 |
Key Performance Indicator of MARC Technocrats
The table below shows MARC Technocrats’ Key Performance Indicators (KPIs) :
| KPIs | FY 23 | FY 24 |
| ROE (%) | 16.89 | 18.51 |
| ROCE (%) | 20.37 | 23.21 |
| Debt Equity (times) | 0.04 | 0.05 |
| RoNW (%) | 16.89 | 18.51 |
| PAT Margin (%) | 13.07 | 13.26 |
| EBITDA margin (%) | 18.43 | 18.44 |
| Price Book Value | – | – |
MARC Technocrats IPO Financials
The MARC Technocrats IPO financials are as follows:
| Particulars (in ₹ lakh) | 2023 | 2024 |
| Revenue | 2,057.43 | 2,694.49 |
| Total Asset | 2,152.18 | 2,645.60 |
| Profit | 263.55 | 345.22 |
Subscription Status of MARC Technocrats India IPO
MARC Technocrats IPO shares subscription is as follows:
| Day | NII | Individual Investor | Total |
| Day 1 | 0.30 | 1.02 | 0.65 |
| Day 2 | 0.32 | 1.58 | 0.95 |
| Day 3 | 8.99 | 10.75 | 9.87 |
MARC Technocrats IPO Grey Market Premium (GMP Today)
The GMP of MARC Technocrats IPO stands at ₹0 today, reflecting a flat response from the market. The zero premium signals a neutral sentiment ahead of the listing date.
| Date | GMP (₹) | Estimated Listing Price | Estimated Listing Gain | Trend |
| 15-12-2025 | ₹0 | ₹93 | 0% | Neutral |
| 14-12-2025 | ₹0 | ₹93 | 0% | Neutral |
Note: The GMP numbers are taken from informal market activity. They can change based on investor demand, subscription levels, and overall market sentiment.
MARC Technocrats IPO Reservation
The reservation of shares in this IPO is as follows:
| Investor Category | Reservation |
| Market Maker Shares | 2,38,800 (5.21%) |
| QIB Shares | 46,800 (1.02%) |
| NII (HNI) Shares | 21,45,600 (46.86%) |
| Retail Shares | 21,48,000 (46.91%) |
| Total Shares | 45,79,200 (100.00%) |
Lot Size of MARC Technocrats IPO
The given lot sizes are available for application in this IPO:
| Investor Type | Lots | Shares | Amount |
| Individual Investors – Retail (Minimum) | 2 | 2,400 | ₹2,23,200 |
| Individual Investors – Retail (Maximum) | 2 | 2,400 | ₹2,23,200 |
| S-HNI (Minimum) | 3 | 3,600 | ₹3,34,800 |
| S-HNI (Maximum) | 8 | 9,600 | ₹8,92,800 |
| B-HNI (Min) | 9 | 10,800 | ₹10,04,400 |
Details of MARC Technocrats IPO Anchor Investors
Details of anchor investors participating in this IPO are given below:
| Particulars | Details |
| Bidding Opens | – |
| Shares Offered | – |
| Anchor Portion Size | Up to 60.00% of the QIB Portion |
| 50% shares lock-in ends on (30 Days) | – |
| Remaining shares lock-in ends on(90 Days) | – |
MARC Technocrats IPO Prospectus
If you’re looking for additional details, you can refer to the following documents:
| Draft Red Herring Prospectus (DRHP) | |
| Red Herring Prospectus (RHP) |
About MARC Technocrats
Marc Technocrats Limited is an infrastructure consultancy services company incorporated in 2007 and headquartered in Gurgaon, Haryana. The company undertakes infrastructure consultancy assignments largely associated with public-sector development initiatives, covering highways, roads, railways, and buildings. Led by its Managing Director and promoter, Mr. Hitender Kumar, along with other promoters – Ms. Suman Rathee and Mr. Norang Rai Loohach, Marc Technocrats has established its presence in the B2G segment through technical expertise, regulatory compliance, and project execution capabilities.
Within the infrastructure consultancy space, the company operates alongside industry peers such as Dhruv Consultancy Service Limited, Rudrabhishek Enterprises Limited, and Ceinsys Tech Limited. The company continues to strengthen its operations through experienced manpower, standardised processes, and long-term associations with government agencies and public sector clients.
| Issue Registrar | Maashitla Securities Pvt.Ltd. |
| Lead Manager | Narnolia Financial Services Ltd. |
Objectives of the MARC Technocrats
The funds raised through the issue will be used for the following purposes:
| S. No. | Particulars | Amount (in ₹ crore) |
| 1 | Purchase of truck and equipment | 10.25 |
| 2 | Repayment of Loan | 17.50 |
| 3 | General Corporate Use | – |
Strength Of MARC Technocrats
The company’s strengths lie in its established government relationships and experienced execution capabilities within the infrastructure sector.
1. Foothold in Government Projects: The company primarily operates on a Business-to-Government (B2G) model and has long-standing associations with government bodies such as MoRTH, NHAI, NHIDCL, PWDs, and Railways, providing stable project opportunities.
2. Pan-India Operational Capability: With projects and offices across multiple states, the company demonstrates the ability to execute assignments across diverse geographies and regulatory environments.
3. Diversified Service Portfolio: The company provides infrastructure consultancy services covering Pre-Bid Advisory, Third-Party Techno-Financial Audits, Detailed Project Reports (DPRs), and Supervision & Quality Control (SQC) across the project lifecycle.
4. Scalable Business Model: The company follows structured execution processes enabling efficient project management and scalability across multiple infrastructure requirements.
Risk of MARC Technocrats
The following risks may affect the performance of MARC Technocrats:
1. Data Confidentiality: The business involves handling sensitive government project data; any breach or failure to maintain confidentiality could adversely affect operations and client trust.
2. Liquidity and Cash Flow Risk: Negative cash flows from investing or financing activities in certain periods may constrain the company’s ability to fund growth and operations.
3. Dependence on Government Projects: The majority of the earnings come from government projects, making the business sensitive to policy changes, budget allocations, and delays in contract awards.
4. Technology and Systems Risk: The business relies on software, automated systems, and technical equipment; any failure, disruption, or delay in upgrades may affect project execution and efficiency.
MARC Technocrats IPO Review
MARC Technocrats IPO offers exposure to a government-focused infrastructure consultancy business with steady financial metrics and low leverage. The company benefits from long-standing B2G relationships and a diversified service portfolio, though revenue concentration and flat GMP reflect moderate listing expectations. This IPO may suit investors seeking medium-to-long-term exposure who are comfortable with the risks of the SME IPO segment.
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MARC Technocrats IPO FAQs
MARC Technocrats IPO is an SME IPO of 45,79,200 shares amounting to ₹42.59 crore. The IPO has a face value of ₹10 per share and a price band of ₹88 to ₹93.
Investors can apply for the MARC Technocrats IPO through their broker or online platforms using ASBA or UPI via supported trading and banking apps.
The IPO offers exposure to an infrastructure consultancy company operating in the B2G segment; however, investors should evaluate business fundamentals, risk factors, and valuations before applying.
The current premium of ₹0 indicates that we can expect 0% returns from the MARC Technocrats IPO.
The MARC Technocrats IPO will open on Wednesday, December 17, 2025, and close on Friday, December 19, 2025.
The lot size of the MARC Technocrats IPO is 1,200 shares.The lot size of the MARC Technocrats IPO is 1,200 shares.
The tentative allotment for the MARC Technocrats IPO is scheduled for Monday, December 22, 2025.
